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What are closed-ended answers?
Closed-ended questions can be answered with “Yes” or “No,” or they have a limited set of possible answers (such as: A, B, C, or All of the Above). Closed-ended questions are often good for surveys, because you get higher response rates when users don’t have to type so much. What is a closed question? Closed questions collect quantitative data. They give the respondent a limited amount of options to choose from. They are popular, as quantitative data is easier to analyse than qualitative data. Easier and quicker to answer Closed-ended questions can be answered easily without consuming much time as the customers just need to select one of the available answer options. They don’t need to think much and write the answers in their own words. Open-ended questions prompt a conversation because they can’t be answered with one-word answers. An example of an open-ended question would be ‘Where do you want to be in five years?’ There are two definitions that are used to describe closed questions. A common definition is: A closed question can be answered with either a single word or a short phrase. Thus ‘How old are you?’
What is open-ended and closed-ended?
While open ended funds can be bought or sold anytime, the closed ended funds can be bought only during their launch and can be redeemed when the fund investment tenure is over. A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund.